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BREAKING NEWS: Oakland Raiders Will Trade A Late-Round Pick For Matt Schaub

Longtime Texans quarterback Matt Schaub is set to become the newest Oakland Raider. Follow the story live on Battle Red Blog.

As has long been foretold by the prophet Rapoport, the Schaubed One has been traded to the far off land of Oakland, California.  Adam Schefter tweets:

More from Schefter, via this story on

The Oakland Raiders will trade a late-round pick in the 2014 NFL draft to the Houston Texans in exchange for quarterback Matt Schaub, a league source told ESPN.

Schaub, who has a $14.5 million salary-cap figure and a $10 million base salary for 2014, became expendable when the Texans signed former Tennessee Titans quarterback Ryan Fitzpatrick to a two-year deal Thursday night.

The Cleveland Browns had expressed some interest in Schaub, who could have been reunited with former offensive coordinator Kyle Shanahan. But the Raiders wanted Schaub even more, according to a source.

The Texans desperately needed Schaub’s hideous contract off their books in order to clear cap space, and this move has done just that. According to Over the Cap, releasing Schaub would have generated nearly $4,000,000.00 in spending money.  While trading Schaub still leaves the Texans' cap responsible for all bonus and guaranteed money left in Schaub's deal, it does relieve them of any obligation to pay Schaub's future base salaries. Perhaps that kind of scratch can be used to dive into the free agent bargain bin to address some glaring holes on the roster, including but not limited to nose tackle, defensive end, free safety, and guard.

Despite the below average product that the Texans' offense put on the field over the last season and a half, Matt Schaub had several good years in Houston that I will remember fondly. We here at BRB wish Matt well in his new home, and hope that he and Sammy Watkins and/or Jadeveon Clowney and/or Aaron Donald bring a new age of success to the Black Hole.